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May 2010 » Market Analysis » New York Office Report
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NYC Office Space Graphs and Statistics
| NEW YORK CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office Class A | 13.39 | 3.11 | 16.49 | 9.1 % | -2.41 % |
| Midtown South Manhattan Office Class A | 0.98 | 0.16 | 1.14 | 10.5 % | 11.32 % |
| Downtown Manhattan Office Class A | 3.57 | 1.13 | 4.7 | 7.4 % | -4.91 % |
| Total Manhattan Office Class A | 17.93 | 4.4 | 22.34 | 8.8 % | -2.24 % |
| NEW YORK CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
| Midtown Manhattan Office Class A | 22.02 | 8.86 | 30.88 | 13.87 % | -2.41 % |
| Midtown South Manhattan Office Class A | 1.73 | 0.43 | 2.16 | 14.38 % abc | 11.32 % |
| Downtown Manhattan Office Class A | 12.19 | 2.0 | 14.2 | 17.17 % | -21.29 % |
| Total Manhattan Office Class A | 35.95 | 11.29 | 47.23 | % | -7.06 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 22.84 million RSF to 22.34 million RSF.
- Total Manhattan Office Market vacancies decreased from 36.32 million RSF to 35.48 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.36 | 3.53 | 21.89 | 8.1 % | -2.54 % |
| Midtown South Manhattan Office | 5.86 | 0.81 | 6.67 | 7.8 % | 0.93 % |
| Downtown Manhattan Office | 5.61 | 1.32 | 6.93 | 7.2 % | -4.94 % |
| Total Manhattan Office | 29.82 | 5.66 | 35.48 | 7.9 % | -2.36 % |
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
| Midtown Manhattan Office | 30.64 | 10.46 | 41.1 | 12.59 % | -2.54 % |
| Midtown South Manhattan Office | 10.24 | 2.12 | 12.35 | 11.72 % abc | 0.93 % |
| Downtown Manhattan Office | 16.45 | 2.48 | 18.94 | 15.86 % | -15.88 % |
| Total Manhattan Office | 57.33 | 15.06 | 72.39 | % | -4.78 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 30.35 million RSF to 29.82 million RSF.
- Manhattan Office Sublease vacancy decreased from 5.97 million RSF to 5.66 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 36.32 million RSF to 35.48 million RSF
- Total Midtown Office vacancy decreased from 22.44 million RSF to 21.89 million RSF
- Total Midtown South Office vacancy increased from 6.61 million RSF to 6.67 million RSF.
- Total Downtown Office vacancy decreased from 7.27 million RSF to 6.93 million RSF
